Status: open
Roundpoint Mortgage Servicing (Forced-Placed Insurance)
Defendant: Roundpoint Mortgage Servicing
Roundpoint Mortgage Servicing (“RMS”) agreed to a settlement regarding its lender-placed insurance (“LPI”) practices on homeowners. The lawsuit alleges that RMS forced borrowers to purchase unnecessary expensive hazard, flood, or wind-only insurance. Borrowers who paid for residential LPI issued or procured by Great American E&S or Willis of Ohio between November 1, 2012 and October 12, 2018 may be eligible to receive back 6.75% of the premium.